Thailand's PTT Exploration and Production (PTTEP) has signed a memorandum of understanding (MoU) with Japan Oil, Gas and Metals National Corp. (JOGMEC), for cooperation in research and technology development in the oil and gas business, aiming at improving production efficiency of PTTEP’s exploration and production projects.
Under the MOU, the development of electromagnetic technologies to monitor the underground water movement in oil production will the first project for both companies to consider research and development. The MoU signing ceremony took place in Tokyo, Japan.